Paramount Communications said Prentice Hall, a division of its Paramount Publishing unit, and Macromedia, an independent supplier of multimedia software products, plan to create multimedia-based interactive learning solutions for all levels of education. The companies will work together on a set of initiatives to help educators make use of new multimedia technologies.
Matsushita Electric Industrial Co. Ltd. announced the offering of two issues, 100 billion yen each, of unsecured straight bonds in Japan only. The bonds will mature in June 1996 and June 1997, respectively. Coupon rates have been set at 4 % per annum for the three-year issue and 4.35% per annum for the four-year issue , both payable semiannually.
IDB Communications Group Inc. has agreed to purchase up to a 50% stake in Darcom Communications Ltd., an Israeli-based telecommunications firm, during the next two years. Terms were not disclosed. IDB said the agreement calls for an initial purchase of one-third of Darcom with a two-year option to acquire up to 50% as investment. More than one-third requires Israeli government approval. The purchase will be made in equipment, services and cash. Darcom, licensed by the Israeli ministry of telecommunications, provides international voice and information services, video-conferencing and Intelsat Business Services.
Acclaim Entertainment said it obtained the rights to World Wrestling Federation interactive entertainment media properties from TitanSports Inc. Acclaim said the properties include videogame, arcade game and floppy disc formats. The rights are through 2000.
Digital TV: Compression ’93 will be held June 28-29 at Denver’s Scanticon Hotel. The featured speaker is John Sie, chairman of Encore Media, a cable programmer. Sie is a former top executive of Tele-Communications Inc.